Emaar Malls have appointed a new CEO from August.
According to the company, Patrick Bousquet-Chavanne will join as CEO, where “he will focus on preparing our malls business for tomorrow’s challenges and further increase our customers’ trust, strengthen tenant relationships and enhance the digital experience.”
Bousquet-Chavanne has had extensive experience in Marks & Spencer, where he served as chief marketing and digital officer, helping position MarksAndSpencer.com as one of the UK’s foremost clothing and footwear retail websites.
According to the statement, Emaar Malls’ current CEO, Nasser Rafi – who led the company when it was successfully listed on the DFM in 2014 – has “decided to take up new challenges.”
Rafi’s new post within Emaar Group “will be announced later”, according to the statement.
In April, Emaar Malls announced that over 35 million people visited Emaar Malls in Q1 2018, a 3 percent increase over the same period last year.
The announcement came on the same day as the company announced a net profit of AED 548 million ($149 million) in Q1 2018, slightly above the AED 539 million ($147 million) recorded in Q1 of the previous year.
With a gross leasable area of over 5.8 million sq ft in Dubai, Emaar’s mall assets include The Dubai Mall, Dubai Marina Mall, Souk Al Bahar, and Gold & Diamond Park
Emaar Malls also owns and manages Souk Al Bahar, an Arabesque style dining and entertainment development in Downtown Dubai; Dubai Marina Mall, a lifestyle shopping mall for residents and visitors of the Dubai Marina community; and Gold & Diamond Park, a shopping destination dedicated to gold and jewellery.
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